Precious metals have always held a special allure for people around the world. They are not only beautiful, but they also have unique chemical properties that make them highly valuable in various industries. In this article, we will explore the top-10 precious metals in the world.
Metals are elements that are typically shiny, malleable, and good conductors of heat and electricity. They are often solid at room temperature and have high melting points. Metals are used in a variety of applications, from construction and electronics to jewelry and manufacturing. They can be found in nature in ores, which are processed to extract the pure metal.
Rhodium, priced at $270 per gram, stands as the most precious metal in the world. It is crucial in catalytic converters for reducing vehicle emissions, with the global automotive industry consuming nearly 80% of its supply. South Africa leads in production, contributing about 80% of the world’s rhodium. With an annual output of just 30 tonnes—similar to gold production—rhodium’s high price is driven by its rarity. It is mainly obtained as a by-product from platinum and palladium mining in the USA, South Africa, and Russia.
Rhodium, priced at $270 per gram, stands as the most precious metal in the world, followed by Platinum, Gold and Ruthenium.
Here is the list of top-10 most precious metals in the world:
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